Listing Agency: SURMOUNT g***@nnnpro.com Show Phone

Listed By: Glen Kunofsky · License #NY 49KU1129178

Source: Crexi

Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 7:29AM

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Investment Insights

Based on property information with market context.

Marcus & Millichap presents a Rite Aid pharmacy property comprised of approximately 11,479 rentable square feet of building space on an estimated 1.18-acre parcel. The property is subject to a 20-year absolute triple-net (NNN) lease that commenced February 23, 2007.

The current annual rent is $292,875, with scheduled increases of 10% in year 21 and year 31. Rent is adjusted to fair market value in year 41 and year 51.

The offering is presented as an NNN leasehold investment anchored by this operating pharmacy tenant under the stated lease terms.

Key Highlights

• Single‑tenant Rite Aid pharmacy with approx. 11,479 rentable SF on an estimated 1.18‑acre parcel
• 20‑year absolute triple‑net (NNN) lease; commenced February 23, 2007
• Current annual rent $292,875

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Restaurant Hair Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

54

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 15425, PA

17,975

Population

8,603

Households

2.1

Avg Household Size

46

Median Age

19%

College-Educated

91%

High-School Grad

57.7 sq mi

ZIP Area

312

Density / Sq Mi

$53,859

Median Household Income

$40,927

Median Earnings

$697

Median Rent

$129,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Drug store - Single-tenant Rite Aid pharmacy on an approximately 1.18-acre parcel, subject to a 20-year absolute NNN lease.

Where is this drug store located?

The property is located at 620 E Allegheny Ave South Connellsville, PA.

What are key features of this property?

This property features: Single‑tenant Rite Aid pharmacy with approx. 11,479 rentable SF on an estimated 1.18‑acre parcel; 20‑year absolute triple‑net (NNN) lease; commenced February 23, 2007; Current annual rent $292,875